Questions

Q:

__________ resources are those resources whose quantity is known.

A) Natural resources B) Actual resources
C) Potential resources D) Abiotic resources
 
Answer & Explanation Answer: B) Actual resources

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Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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Q:

First time which year the Railway Budget and the General Budget were presented separately?

A) 1923 B) 1947
C) 1952 D) 1977
 
Answer & Explanation Answer: A) 1923

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Q:

The consumption schedule relates:

A) disposable income to domestic income. B) consumption to the level of disposable income.
C) consumption to saving. D) saving to the level of disposable income.
 
Answer & Explanation Answer: B) consumption to the level of disposable income.

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

People came out on the streets and ____________ firecrackers to celebrate the victory.

A) burst B) heated
C) burnt D)  ignited
 
Answer & Explanation Answer: A) burst

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Q:

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

 


When I think of my family's history on the land. I experience a pang of regret. Unlike much of the arid West, where the land has gone virtually unchanged for centuries, my place of origin, western Kansas, has been torn up by agriculture. The flat plains, excellent soil, and sparse but just adequate rainfall permitted farming; therefore farming prevailed, and a good 90% of the original sod prairie is gone. The consequence, in human terms, is that our relationship to our place has always felt primarily mercantile. We used the land and denied, or held at bay, its effect on us. Yet from my earliest childhood, when the most of the Kansas prairie was still intact, I 've known that the land also had a romantic quality. I've felt moved by the expanse of it , enthralled by size. I take pride in my identity as a plains daughter.

 


Which of the following is the most accurate statement of the author's position?

 

A) The presence of the people has enriched the plain's habitat. B) Farming has improved the soil of the plains.
C) Farming has chemically polluted the plains. D) Farming has eroded the natural beauty of the plains.
 
Answer & Explanation Answer: D) Farming has eroded the natural beauty of the plains.

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Our reputation and image is most definitely determined by our ______. Also our ______ tend to be habit forming, in that we have a ______ to act in a particular manner. Hence most people are ______ by their deeds and seem to have little control over their actions. We usually act according to or in response to our surroundings-our circumstances and the environment which to a great extent ______ our priorities and objectives.

 

Also our ______ tend to be habit.

 

A) actings B) avocations
C) bisections D) predispositions
 
Answer & Explanation Answer: D) predispositions

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 

In the same boat

 

A) When the option that you have is equally bad as the situation you are in. B) Life like the river throws the same challenges for all boats.
C) Be in the same difficult circumstances as others. D) Big and small boats suffer the same fate in a storm.
 
Answer & Explanation Answer: C) Be in the same difficult circumstances as others.

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